From the Wall Street Journal: U.K. Opposition Promises 50% Income-Tax Rate for High Earners (gated)
Britain’s opposition Labour Party said Saturday that it would reintroduce a 50% income-tax rate for those earning more than 150,000 pounds ($247,000) a year if it wins the next general election in 2015 as part of its plan to bring a surplus on the current budget and get the national debt falling by 2020 … also said the … party would introduce a 10% income-tax rate for low earners.
- George Osborne’s announced in his annual budget in 2012 to lower the top rate of income tax to 45%
